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US indices post bet day since December as Powell looks to take a positive stance on rates

  • Regular
  • US Market
  • 5 months ago
  • 87

U.S. indices posted their best day since December 6 as the Fed announced it will hold rates at the 2.25%-2.50% mark.

Fed chair Jerome Powell stated the stance will be, “patient as it determines what future adjustments to the target range for the federal-funds rate may be appropriate to support these outcomes.”

On that, the DJIA advanced by 1.8%, while the S&P 500 also gained 1.6% and the Nasdaq lead the way by surging by 2.2%.

 

 

Source: Smart Trend Team